Arkansas Constitution of 1874 Amendment 91, § 19. Tax Exemption
Current as of January 01, 2020 | Updated by FindLaw Staff
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(a)(1) All bonds issued under this amendment and interest on the bonds shall be exempt from all taxes of the State of Arkansas, including income, inheritance, and property taxes.
(2) Profits from the sale of the bonds shall also be exempt from income taxes.
(b) The bonds shall be eligible to secure deposits of all public funds and shall be legal for investment of municipal, county, bank, fiduciary, insurance company, and trust funds.
Cite this article: FindLaw.com - Arkansas Constitution of 1874 Amendment 91, § 19. Tax Exemption - last updated January 01, 2020 | https://codes.findlaw.com/ar/arkansas-constitution-of-1874/ar-const-amend-91-sect-19/
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